Solana Achieves Record Breaking $806.8 Billion DEX Volume in 2025 with Jupiter Leading the Way

Solana DEX Volume Skyrockets in 2025

In a stunning revelation for the crypto ecosystem, data suggests that the total decentralized exchange (DEX) volume on the Solana network has reached $806.8 billion as of May 7, 2025. This increase more than quadruples the numbers from the same point in the previous year when the DEX volume was merely $201 billion, indicating an immense growth of almost 400%.

The dominating force behind these figures remains Jupiter that continues its reign over DEX volume on Solana. The astronomical rise in Solana’s ecosystem and DEX figures is noteworthy and points to the ever-increasing adoption and acceptance of the blockchain platform.

Breakdown of Numbers

The enormous $806.8 billion DEX volume on Solana for the year 2025 can be traced primarily to an explosive January. The initial month of 2025 accounted for more than half of this year’s DEX volume — an astounding $408 billion. This exponential rise was due in large part to a significant crypto market rally that began in November 2024 and culminated in January 2025.

Simultaneously, Solana’s price also rose steadily, contributing mightily to the rising US dollar-denominated DEX metrics. By the end of the first quarter, these figures returned to their levels preceding the rally. In terms of the sol (SOL), Solana’s native cryptocurrency, volumes registered a significant spike around January 20. After this, they returned to their previous levels.

Jupiter: The Undisputed Leader

Infusing energy into the so-called “Web3,” Jupiter exchange, a heavyweight in the ecosystem, played an enormous role in 2025’s numbers. Jupiter continued to outshine all other protocols vying for volume, recording an impressive $334.6 billion in volume in 2025 alone. This implies that Jupiter was responsible for managing a little over half – 55% to be precise – of all DEX volume routed through its platform.

The runner-up to Jupiter, OKX, stood at a meager 5.21% contribution with $32.2 billion volume flow. Interestingly, the memecoin launchpad Pump.fun, which facilitated a volume of $22.3 billion, had a marginally better share of 2.8% of the market.

Leading the Pack

On the execution layer of Solana’s protocol, exhibits a similar coherence of power. Raydium led the pack, adding $352.8 billion to the volume. Meteora emerged as the next dominant force with $113.7 billion volume, which accounts for 14.17% of the total. Fascinatingly, Orca and SolFi weren’t far behind either, distributing $103.9 billion (12.95%) and $97.9 billion (12.20%) volumes, respectively.

Solana’s Rising Supremacy

Solana’s DEX volume growth in 2025 aligned with the increasing support and adoption of the Solana ecosystem. While Ethereum held on to its lead by accounting for 30% of the DEX volume across all chains in Q1 2025, next in line was Solana. The latter exhibited a robust control of 23% of the total DEX volume share.

The rapid acceptance of Solana’s ecosystem indicates a bright future for Solana, especially given the scale of its growth, underpinned by revolutionary technologies.